Housing Market Update - Phoenix, AZ
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- čas přidán 21. 05. 2024
- Data driven breakdown of the housing market along with a prediction of what to come in the following months.
Trevor Bragg - Realty One Group
480-245-8166
TrevorBraggRealty@gmail.com
Reach out for my FREE moving to Phoenix Guide: TrevorBraggRealty@gmail.com
Only people buying is for people who sold a home or collection rent from investment home, regular people are not paying 3k a month mortgage
takes time for a crash...2026
You must really have a crystal ball to know what is happening in two years!
@@livinginphoenix-trevorbragg homes will be 10% higher then 2 years bro lol
Supply and demand --- low supply --- and there is a tsunami of millenial buyers about to turn 31,32,33 etc
@@livinginphoenix-trevorbragg Yes, but you don't need a crystal ball to recognize an historic housing bubble based on the fundamentals!
@@tonymontana1996 Too bad millennials are broke!
@@joeacquavella6548 you talk fundamentals but we are at about 800k homes for sale in the country.
During the last 'crash' we had about 4 million.
not sure what fundamentals you are looking at?
What will be the impact to real estate values based on the hundreds of thousands or apartments and little houses being built around the Phoenix area? Goodyear, Surprise, Glendale, etc.
Great video, The first $100,000 invested was amazing. But when you hit $300,000 it’s like smashing the glass ceiling! I cried.
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I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip!
I honestly, like lots and lots of Americans, will not be able to buy until those prices at least " at least will come down to 70% " those investors are very bad people, besides most of Californian they sold their house running away from the corrupt State of California and came to Phoenix area and "jacked up the prices paying CASH 70-80% above the value" that is very bad. beside the interest rate is very high 7% that is ridiculous, AND the inflation- No jobs- high gas prices- high food prices, in conclusion I honestly will not even think of buying or renting until thing gose back to before 2019.
Moved from So Cal to boarder of QC/San tan Valley last summer --- SPECIFICALLY bought when rates are high.
Buy when rates are high if you can afford it.
Don't wait for rates to get to 5-6%
450k homes gonna be bidding wars up to 500k real fast.
CA starter homes are 7-9k a month so people are gonna keep moving out to AZ.
I'm a loan officer and I tell all my clients --- don't wait.
I speak to thousands of people over the last 2 years and WAY too many people think they are slick by waiting --- they are all gonna get Pre-approved at the same time and get out shopping at the same time and there is gonna be 20 offers on each home again.
We could see rates be unchanged by end of this year or easily see 6%
Once labor market breaks an unemployment goes up mortgage rates will drop quickly.
With inflation expect higher rates in the long term.
Yes, don't wait to be a bag holder! lol
@@joeacquavella6548 too much demand --- both pent up demand and with the majority of millenials about to hit prime first time home buyer age of 31/32.
Waiting to buy real estate is historically a terrible idea.
Even if it dips a bit in the short term prices will continue to climb.
Also rent is no picnic either.